Annual Report 2016

2016 was a year of tremendous challenges and change at Cameco. Despite the uranium spot price hitting a 12-year low, our core uranium business outperformed the market.

— Tim Gitzel, Cameco's President and CEO

 

Uranium

Bar chart with 2 data series.
($CDN/LB)
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 28.9 to 54.46.
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Financial
Results
Expected Impact of
Cost-Cutting Measures
ANNUAL REVENUE
($ millions)

Chart

Bar chart with 3 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2398 to 2754.
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GROSS PROFIT
($ millions)

Chart

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The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 463 to 697.
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URANIUM REVENUE
($ millions)

Chart

Bar chart with 3 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1718 to 1866.
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CAPITAL EXPENDITURES
($ millions)

Chart

Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 190 to 359.
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DIRECT ADMINISTRATION COSTS
($ millions)

Chart

Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 150 to 195.
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2015 Actual 2016 Actual 2017 Outlook (2017 Outlook Range)

The information regarding currently expected capital expenditures for future periods is forward-looking information, and is based upon the assumptions and subject to the material risks discussed in our annual and quarterly MD&A. Our actual capital expenditures for future periods may be significantly different.

EXPLORATION
COSTS
($ millions)

Chart

Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 30 to 43.
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URANIUM AVERAGE UNIT COST OF
SALES - INCLUDING D&A
($CDN/LB)

Chart

Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 36.3 to 40.39.
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2015 Actual 2016 Actual 2017 Outlook (2017 Outlook Range)